The Sun. — London, England, 1826-06-01 00:00:00

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THURSDAY EVENING JUNE 1 1826. , , _.....____ ................................... -......--r--_,..........--------,.....__ .= . . . . with . i consistent the due maintenance of the security, honour, end establishments, by affording to the creditor great f ac iliti e s for as- sal screw deduced from the return made hy each Bank, of the I'o 'THE WORTHY ELECTORS OF THE ANCIENT, • EAST -INDIA HOUSE S MAY Sl, 1826. AND INDEPENDENT BOROUGH of LEOMINSTER. HE COURT of DIREC TO It S ofthe UNITED interests , of his kingdom. - certaintug the pecunia r y circumst an c es o f i n di v id ua l p ar tn er s, p a p e r circulation o f S co tl an d a t t h e diff erent periods referred to iu T Account show o in f g th t e h A e nho i t g in h t es o t f alllaidnkLeros'weiNot tAesmenioructualiiitiiinetiiienlS.:;:it: and by making the private fortunes of those partners available for that account oes. GelerteteilM, COMPANY of MERCHANTS of ENGLAND Teed- 11Iy Loans At4l) GENTIAIItN, We are specially commanded to assure you, that his Majesty's thedischarge ofthe obligationsof th e Bank with which they • ' IT being generally understood that Parliament will be in to the EAST INDIES do hereby glare Notice, connected. That the Committee of House will be ready to receive Pro v o- ternai feelinee have been . ' l ' dissolved this week, I propose having the honour of visiting sale, healed u and. addresied to them on or before Monday, the pa b' deeply affected by the dietressee \Odell There is 110 limitation upon the number of partners of which a An latid, have Prevailed among the manufacturing classes of Ms Majesty's Banking company,i n s ea te an d ma y c o ns i s t, and, excepti ng i n the 1815,18e.1, 18 23, 1 824, and 1825 ; &Inhale°, of the Amo un t i„ Inu ntsliately your. Ancient • and Independent Borough, and the 14th June next, from such Persons as may be willing to supply subjects; and by the exemplary patience With which those die- case of the Bank of Scotland and the two chartered Banks, which Circulation at the latest period in 182.6 to which the Aceouitt can be made up ;distinguishing the Amount of Notes under of, gratification of again paying my personal respects to every resi- the'Company, at their House and Warehouses, &c. with 500 • . have very eousiderable capitals, the partners of all Banking Com dem Elector ; when I not doubt to experience the same general, CHALDRONS of the BEST COALS, of the following deserip- tressed have been generally borne. flora thos! of 51. and upwards. . • : - via • • His' Majesty, trnats, that the awns out of which the: partial parties are bound jointly and severally,. so that each partner is rordiel, and kind support which I heretofore received, the recol- t'° ll4, "---- . . . WILLINGTON, o - liable, to the whole extent of his fortune, for the whole debts of - ' .e‘ ae ea so• se §q ee at el ---:- T. — re)... i ' stagnation of enipl ymeet has arisen, are, under the bleeding of ~. ~. . , . •Scotland is e 4 ' , ••r•) ee . . 1. - '''' S Provideuce, in a course of gradual abatement. ieetien of which can never be effaced. HEATON MAIN, she Company. A creditor ,in ee , 4 .f ct . T. , - , .. ... , -. cs. I We ere threatened with a severe Contest, but I rely so implicitly ' KILLINGWORTH, and. the real mid heritable, as well us the personal estate of his debtor, . (74 ' " , ;,..6 4 2SI i.. 78 x• - .. - a sig gi a: on yaur firm and flattering promises, that T shall go to the Poll, . ' lIEBBITRN WAIN, His Ma eat is confident, that your presence and example, in for payment of peemnal debts, among which may lie chewed debts 0 ', , ,, 4 e,;.;• '7,...i. 7t 1 E-1 l a c'e ..4 C 4 41 . not merely anticipating memo, but with a well grounded conti- London Wharf Imperial Measure, with the usual In satin. . your several counties, will contribute to maintain and encourage doe by Bills and •Proiniesory Notes ; and reeouree may be had, 1 " • _....... ___ e for the purpose of procuring payment, to each deacription of pro- ' 'ai 5 ., ,, c - . e ,.. 4 The Conditions ) of the Contract may be seen, and Printed the loyal and orderly spirit which pervades the great body of his --- - 8 -- --- t " ,-,i 7 1t --- e'T - 11 deuce of a triumphant majority, honourable to yourselves and grit of Tenders, ' may be had on application to the Clerk to the m00t ,. • perry at the same time. tifying to me . , Execution is not. confined to the real property of a debtor - utt.t .Z -. i- , -Iz et ea" lc :e " --. # 4 ' ' 214 " 3 i l 4 i i ''' '': . - e cs "' C ,.• i ' ' • ' = l-. 1 6 7 i g le g * , Committee of House, with whom Proposals must be „left before ` ' .e e . - . . . 6 1 which hoar And Lis It relies open your disposition.to inculcate that Geethemen ! When I first solicited the. honour of yonr suf-merely during his life, but proceeds with el nal effect upon that .- :" .-::.--7 ei e- IP ei a "-Ts e•T "' 'ci Twelve &Clock at Noon on the dayspeci et , after , . harmony and - mutual good-will ainong the several. great interests property after his decease. ' 1 , k i...) 1 f ragete. I sutured you that " I would stand alone." You may no Tender can be received. • ,•- .. .e, • uo tafely rely that I will scrupulously adhere to that determination ; .„,...-04 ..„ 2... - a. g. 45 tq r4f,. 7,1 e?.. .14 at .., g sy, 2 a uo intereeted motive, no mean individual advantage, shall ever ----- IMPORTANT 10 FAAIILIES. ; . - ~. able estate of which any person in Scotland may p! pne.tWed. No l o it te n. - 4' '''l, I''';', ' O 2 e,5 e „ ee 4 , e•e. ir . :,,e induc e rue to compromire your Indeliendenee. I require no aid beloral your getieroue and zealous support ; possessing this, failitre HE BEST, COMMENT on the Virtues and . HOHSE .OF COMSIONS,' MAY al, v ' fmrchaie of an - eetate in that - ceuntry is secure until the eeisine . ..) -1 ".'. . '.....)' "" * I '''' .-- is MI • .' Renovating EflicacV of Dr. SOLOMON'S etH,E... The House met this day at two o'clock pirrsuint to the ad- (that is, the inst r um e nt certifying that actual delivery has been '''r'r'''', ' F.: -..;.• - ar - ce - g - riii , `sew'sedaa, Pu'snble. Your uoifornt and voluntary pledges have made• BRATED CORDIAL BALM -OF GILEAD is the Core journment: • given) is put on record, nor is 'any mortgage effectual• until the s- I r% ) ., ?., .1 :,, ; : : 4 . ,e , 8 4u en 4 . 4 4 cr. 4,5 t: .14 4 - al e .-e ule P'"lld and grateful—eiel 1 have too 'Hugh reepect to your feel- minty that Ladies of Fashion and Respectability fluid it the most Mr. F. BUXTON brou g ht up t h e R eport o f the s e lect Cow- , clefsl is in like manner recorded. E" 0 , T a pi. b.c_rn„.• . ;-, - g sign and my I . shallelect Own, to t tetilte to you whorl' you into the state of the slave-trade in the In time case of conflicting pecuniary claims upon real property, 2, a i ',...i o " ~.:,, ei ACM • • junction pith ate. Weaknestiei peculiar to their Sex, gently throwing a genital Alauritius. It was laid on the table, and ertiered to be printed. the preference is not regulated by the date of the transaction, but `-. •l • ... _e._ en ' warmth' upon the debilitated and relaxed frame, recruiting the .1 • • H . ( lll :. l. ll, o : a . . ti l v l e O t i o t r ti f e N ea la i r e oll l l47 l3 r i e .s t i u lo r i n ) lat e ts Cape of Good by the date of its record. Thou records are necesaible to all per- I elf - -r, ::' I A ;i I continue to he, Gentlemen, decayed spirits, dissipating headache, dulness, and languor, . sons, and thus the public can, with ease, ascertain the effective et' t,, e .,5."- 1 „ t e s . - ` m - T. • • and creating a pleasing vivacity. The great extent to which it P e - 4 I .0 . . ' - Your faithful and devoted Servant, ineaus which a Banking Company. possesses of discharging its ;11. .4 a' A Fl 0 , 4 is used by the Sickly, the Nervous, and the Debilitated, proves COURT OF CHANCERY. •- 1 - • • • • . Loudon May 81, 1826. THOMAS BISH. I • Med metit ;to thousands of whom it is daily affording Mr. P. GRENFELL, in rising to make a motion of very great Its unrivi - obligations; and partners in that company are enabled to de- , .-, • e ri C.ll f•. 4 ...4 . I . 7 t "' 0 • • L. 'en re,..e... _ _ - --------------- relief which no other 111edivine has supplied. importance to that House and the nubile- weehl hoe. ‘,Lai.ii c„, termiue, with tolerable accuracy, the degree of risk and responsi- . _,..... .... ........e--= I'e ••• - #. . . rIPITE• BEST COMMENT on the nines and Renovating Efficacy of Dr. SOLOMON'S CELE- . BRATED CORDIAL: BALM OF GILEAD is the Cer. tainty that Ladies of Fashion and Respectability find it the most Efficacious Medical Restorative to be met with in various Weaknesiei peculiar to their Sex, gently throwing a genial warmth upon the debilitated_and relaxed frame, recruiting the decayed spirits, dissipating headache, dulness, and languor, and creating a pleasing vivacity. The great extent to which it is used by the Sickly, the Nervous, and the Debilitated, proves its unrivalled metit ; • to thousands of whom it is daily affording relief which no other. Medicine has supplied. To those whom early indulgence of the Passions—Dissipa tion, or too great Reliance .on Constitutional Strength, have been injurious ; to the Sutfererfrom Lowness of Spirits, Heavi. ness of Mind, Deranged Stomach, languor, and Incapacity for Exertion; to those in whom the Digestive and 'Nervous Systems have been deranged, and consequently labourinqunder irregular and painful action ; and to those persons win) have ruined their Constitutions, and btought •on a perfect Tubes Dorsalis, by an immoderate indulgence of their passions; or in their way to the consummation or that deplorable Malstly are affected with Weaknesses and the Obstruction of certain Eva cuations, this remedy is recommended limn ample experience as the beat restorative, . . In the case of conflicting pecuniary claims upon real property, the preference is not regulated by the date of the transactiou, but by the date of its record. These records are accessible to all per sous, and thus the public can, with ease, ascertain the effective means which a Banking Company. possesses of discharging its obligations; and the partners in that, company are enabled to de termine, with tolerable accuracy, the degree of risk and responsi bility to which the private property of each is exposed. There are other provisions of the law of Scotland which it is not necessary minutely to detail, the general tendency of which is the same with those alinve-inentinned. ' • COURT OF CHANCERY. Mr. P. GRENFELL, in rising to snake a motion of very great importance to that Home and the public, would have wished fur the presence of the Attorney-General, pf whose conduct he, felt it his duty to make some complaint connected with the leave he had lately obtained to king in a bill for removing some of the abuses of the Court of Chancery. For although the relief purported to be contained in that hill was something, yet it was altogether too scanty, and fell so far short of what the - public Lad a right to expect in the reformation of abuses, (of the existence of which ht could desire no better .proofs than were contained in the speech of the Learned and Honourable Gentleman himself; when he introduced the subject to the House), that he could have wished him to be present when he (Mr. Grenfell) found fault with his not having brought in the Bill at a much earlier period. There could be no doubt, (whatever might he the system or object of the Court of Chancery) that in its practice it was the cause of some of the greatest evils which any country could he doomed to suffer. The first thing he had to complain of Wag, that no 'protection was afforded against the expencee entailed 'upon the suitors by what was called a " Fishing Bill," -.a Bill filed only for the purpose of obtaining information, without I:flow ing whether the defendants were in a situation to afford (Cries of " Order !")--The Hon. Gentleman was aware the cir cumstances required him to be ur brief as possible, and he!would therefore conclude by moving for an account of the number of causes on which judgment had been given in the Court of Chan cery since the Ist day of Januarylast. Before the question could be put by the Speaker, the Deputy Usher of the Black Rod appeared - at - the bar,.and summoned the House to hear his Majesty's Speeck delivered by commission in the House of Lords, for the purpose of proroguing both Houses of Parliament. To THE GENTRY, CLERGY, AND FREEHOLDERS .4 c :I 0 , , lan Itt g • E tc 4 • 4, , rw 4.) orl E OF THE COUNTY OF ESSEX. OstmEatrx, I,Have now h a d t h e honour of representing you i n ' ll - three successive Parliaments, and I again solicit your suffrages at the approaching General Election. I shotild not venture thus, fourth time, to offer myself to Your choice, was I not conscious of having honestly, and, to the best of my ability, discharged those h igh and important duties committed to my care; sty health has °lto failed me, but my zeal in the, execution of those duties has sever abated ; I have not been We, and I assure you that the true in tvrht of lily country has ever been, the first object of my thoughts mid the motive and guide of all my actions. It would be useless to say l 'ure, you will necessarilydetermine, by your experience and opinion , ( "t lay pa s t conduct, my claims to your future confidence. It will De the highest gratification of my ambition if you now re-elect me t 5 the proud and distinguished situation of a 'Representative of this " u ntl.-1 have the honour to be, Gentlemen, With every sentiment of respect and gratitude, Your faithful and obedient Servant, London, June 2,182 G. CIIAS. C. WESTON. There.are at present 32 Banks in Scotland, three of which are incorporated by Act of Parliament, or by Royal Charter, viz.— The Bank of Scotland, the Royal Bank of Scotland, and the Bank called the British Linen Company. 7:1 4T CO g?q S "4 :t.s. 1 I" I CII ..4„: I'. I ~' ~ C • The National Bank of Scotland has 1,238 partners. The CoMMercial Bank•of Scotland has b2I. The Aberdeen Town and County Bank has 44.6. Of the remaining Banks there are three in which the number of partners exceeds 100; six in which the nuMber.is between 20 and '100; and seventeen in which the number - falls short of 20. The greater part of the Scotch Banks have Brandies in con nection with the principal establishment, each Branch managed by en Agent acting under the immediate directions of his on ployers, and giving security to theM'.for his tamdect. 1 ;?. U . A very important observation may be made in favour of this celebrated Medicine, that unless its operation was gentle, safe, and efficacious ; it could nut have obtained the unexampled demand it has acquired; for, as it has rarely the great advan. tage of a persuasive advocate at the ear of the Patient, so no thing. but his conviction of its virtues, by its salutary effects, can induce perseverance ; and yet reasonable perseverance is certainly most requisite 'to enable even the happiest cOmbina tions of Chemicals and Gabinicalt to root out chronic diseases and restore the valetudinarian to health. lifuch more might be said in just report-of it; for great experioice has ahewn that none need despair, however dangerous their situation may be, when so noble, safe, and • efficacious a remedy is uttered for their relief. _ _ 141 IP',l I 8 cok 4.) i j ° 4 ;;) ..; v.I. .. t.• tO g _ tri e g a t C 0 eO 4) ta 7.65 e: ••• as 3 1 e, The Bank of Scotland had, at the date of the last Return re cOve+l by your Committee, sixteen Branches, established at va rious periods between the years 1771 and the present. • The British Linen Company had twenty-oieven Branches. The Commercial Banking Company in Edinburgh, thirty-one. ~~ *fel uu 4, 4« Ut. i 1 1 WI C K AM.-TO BE LET FUR NISHED, for SIX or EIGHT WEEKS, about Mid 'll,l;"'*, a good FAMILY HOUSE, with Coach-house, Stables, Ilarg o wa l led Garden. Letters to h e a dd resse d. to A. U. (I. " 6 fticei Twickenham, Middlesex. CauTtox.—Att many Imitations of this excellent Remedy are on Sale, the Public will be sure to adt for it as " Dr. Solo. molt's," and Look at the stamp affixed to each Bottle, which has "Sand. Solomon, Liverpool," engraven upon it: none other is genuine. Patients requiring . advice may obtain it by application to Glileiul-Ilouse., accompanied with a remittance of a IL Note. To be had at Oilead.flause,. near Liverpool ; of Mr. John. ston, 68, Cornhill ; Mr. Sanger (late Bacon & Cu.), 150, Ox ford.street; Mr. Ward, Holborn; Mr. Henry Marked!, 33, Whitechapel,_ London; and: by all the principal Venders of Patent Medicines throughout the United Kingdom, price I Is. per Bottle, or four in one Family Bottle fin 335. The total nu►uber of Branches established in various parts of Scotland, from (be Southern Border to Thurso the most north erly point at which a Branch Bank exists, is one hundred and thirty-three. SJ 'Q G` T. :I 3 : Y, ;-; Ik3 ii ' 1 A v: Et, g 4.4 The SPEAKER, accompanied by a considerable number:of the .Members, then left the House, and after being absent about 0 minutes, returned and read at the table his Majesty's Speech, (for which see our Lords' Report); after which the Speaker quitted the House, and the Meinher*separated. c +- ~w p ;Oft ti 331 VZ ` l l. ePt. ~:~ ~~ ~, -. V~~ 41 . DISTRESSED MANUFACTURERS.- At p MEETING of the COMMITTEE, held at the City London Tavern, on Wednesday, May SI, 1826, `uo":v' O ~e , c. a ~n ~ ~[~ .V Ilia Grace the Arelb6hop of YORK in the Chair. 'th l ehnived—Tbat Grants be mole. for du Relief of the Distreseett llV P itockpOrt, Cheshire 2 4 94 e 4 l), Aeat . Rochdale 114 . 1 4, titt, uitd liury r Croft £3OO 1 ) ( 6 14 0 ) 100 _ X5OO 41 0. 0 inti of Subseripsioni already advertised £109,808 IQs. sd, ADDITIONAL SUBSCRIPTIONS. rirles Rob. Wisset 1 1 Cullected all er a Ser. train, in the Parish Church of Nurieham- • let-Severn 18 0 sire, w, t ,, on 2110 0 C ollection at John's mtreet Chapel, King's !l oad, (,tray's r 'mei after two Ser. ions preached by ilvit v o s 00 0 •olleeti on at Hanover (I )4oel,Peekliatn,after a Sermon reached on I Suntlity Lvvning last 1 ,1 the Re v . 1)r. Col le!, the Minister of hit Chapel, per Win. g Sc ott, Treasurer FM 0 t ir°equent Contribu- Ilsi p th ar ditto Sm i Mt. Cole COI i 3 fliation of Friends In th Vestry of Rose lane Chapel, it atchtf, after a Sermon by 1 humus 14 6 AJinixter j ‘ i7 4 Th Gitrney 110 0 411 arterliornborrow 2 2 thei lrstSubscription o f few Friends, meet -I'U at Mr. Robettex, I ` ) l rapes, Great Marl h-strear, N- uluut 21. 2s. "".• 1) t• bur '2l; '5 L at i ne Y • • Y • 1 1 • Pet 'Barclay and Co. Collectio n 14011 Cliutsb, York *lce, by the Ker. 4 bon. Collina 201. oe. Od. (leo . Murata 5 5 )3 • loyara i jun. • 2 2 In 12 1 0 0 A of the 'Workmen the employ, of Mr. L Alorat i t 5 0 eedll4 'd and Wurter, 10 5, noroir4, 5 5 " 1 Wartirr • 1 1 Per Whitmore. and Co. t•olleetion at St. Paul's Chapel, Jeremy, Alta &Triton by the tiev. T.ornshy,tierAar on Il be St. croix 31.1 12 Per Barnett and Co. bow, Al itittlesex, Clonal lilusterman and Co. Mauthiley - 10 0 The Mechanic% & otherfi hi his employ 211.7 n. 91 Per Esilaile and Co. „ a tilate, per Cobb anti 2d Subscription 50 Alper ion at St. Alarga et sChurch,lrswieb, . 1 the the Rev. C. W. onnerrau, perßacon mid Cobbold 11/. 6e. Mi. , N * • • to , Koons received by the at t 4 City of London 'Fa , / t r ate tO meet. , titw men, Dissenting Ministers. and others, &siting tutor -Btion relati v e to the distreis existing in this Alanufacturing theta, may have a printed statement, on application to W. H. 111 . 01". C. S e e, tter• • cat ions to the Committee must be addressed to" Francis Atli Lotidon,73 and superscribed " 3?lnilfacturers' t imtriiittre." Collection at Tunbridge 'ells Chapel, after a Sermon- by the Rev. • I). Wilson, per Hotly and Co. 721, 17s. tid. Wm. Ilobson,jun.. 20 0 Per Curtis and Co. Mrs. Shove 5 .0 .1. Sh'awe 10 0 Mrs. C. E. Clarke, Walt ,- litunstow - 10 0 Joint Ili„ ford - 20 , Ilosanqutt: and Co. Sundry Subscriptions of the School for the In.. digent Blind, &hit 4 • lees and Co. . L. C. a Frenchman 1 0 . Stephenson and Co. Second remittance from Winchester and Ravi in•ndtlition to 500/.before, including 30/. from IVinchester . College,and 42/. from the Corporation of 'Winchester, per the Mayor - 377/. 14s. 2d. Glyn and Co. Second remittance from Rochester, per D. H. Day and Sons 41 0 Lubbock am; Co. Part of a Collection at Ronittey, per IVarner ard Fo:,ther :M. 4a. 3d. - Parish of 1 lambletion, per W. Higgins 231. 51. Gtl. Per Coutts and Co. Collection after a Ser mon in the Chapel of the hockHospi oil, per the Rev. Dr.Tlimpe 177 .4 PerStnith; Payne, o Smiths. Collection at Tltroaley Church, after a Ser. mon 1;y the Rev, J. WD . ugdell, per Wright and Cu. 121. 16s. Bd. Parish or Clapham, Ist Subscription, per the Rev. Wm. Dealtry, Recto - areasurerS4w. Inh . abitants of Semi- Oakes, per Colonel Austen - 200 0 Inhabitants of Cheven. • ing; Kent 13 2. Inhabitants of Shore, ham, ditto -2/. 125. 1 2 id. Rev. 31r. Dodd, Rector tit l'enshurst, ditto fi Rev. N. Vicar of Leigh, ditto - 5 0 Jane May . 5 0 (,! J. - 10 10 11. it. liicken, olm Charter h . t. 2 :3 0 10 10 1 . 1 I o - z f'arish of Lambeth (in lo L,OOOl. be- fure paid (by the Bev. Dr. D'Oyley, Rector 6331 Bankers in Town and Country ern, where the Committee. eon THE ARMY. l'lto,l4llcAsc , uor-, 4 erlaanny, inarelved,•oit , llionday 'morititlin-frlkia.Weotinin , tter, ciWt.t.4lKt.. ' t;'. f), , , Detachments belonging to the 6th, 20th, Stith, and 48th Regi 'molts of Foot, marched, on Monday morning, from Westminster, for Canterbury. A Detachment of the Slat Regiment of infantry marched, on Monday morning, from Westminster, for Tilbury Fort. Detachments belonging to the 4th and SGth Regiments of Foot Marehe,l, on Monday morning, front Westminster, for Winchester. ' Detachments belonging to the 97th and 70th RegiMents: ofJn fantry marched, on Monday morning, from Westminster, fur Portsmouth. A petschroeut of the. Regiment of Foot marched, on Monday morning, from Velitminster, , for Jersey. Detachments belonging to the Sd Dragoon Guards, the 3d Light Dragoons, and the 15th Hussars, marched, on Monday morning, from Westminster, for Bristol, on route to Ireland. A 'Detachment belonging to the lit'. Dragoons marched, ..on Monday morning, from Westminster, for Dorchester. A Detachment belonging to the 4,3.1 Regiment of Foot marched, en Monday morning, from Wotminster, for Bristol, on route to Plymouth. ' • The Ist Division of the Depot of the '7Bth (Highland) Regi ment embarked on board a steam packet, on the 26th ultimo, at Glasgow, for Fort George. Detachments Whoring to the 62d and 81st Regiments of In fantry embarked on board the Borodino transport, on the 27th tilt. at Portsmouth, for Halifax. . IMPERIAL PARLIAMENT. HOUSE OF LORDS, WEnNitsnAv, MAY Si. The LORD Cgatscmou, the Archbishop of CANTausour, the Marquis of Cum/Nagasz, the Earl of lIAItROWHY, and the Earl Sttarrasnuav, having taken their seats as Commissioners, at a quarter past two o'clock, Mr. Quarme, the 'Yeoman Usher of the Black Rod, waSt directed to summons the Commons, who soon after attended at the bar. The Royal Assent was then no tified to the two Corn Bills, and to fourteen other public and private Rills. The Lord CHANCELLOR then read the followine. Speech Mir LORDS AND GENTLE EN, - - Ills .Majesty commands us to inform you, that •the state of the public business, enabling his Majesty to close the Session at a period of the year the most convenient for a General Election, it is his Majesty's intention to dissolve, without delay, the pre- Hent Parlia►uent, and to,direct the issue of Writs fu• the calling of s new one. , • His Majesty cannot take leave of you without commanding ns to express his Majesty's deep sense of the zeal and public spirit which you have constantly displsyed in the discharge of your several important functions. yourselves to the objects His Majesty particularly acknowledges the: promptitude and discretion with,which you have applied specially recommended to you by his Majesty at the commence ment of this Session ; and his Majesty confidently hopes, that the good effect of your deliberations will be manifested in the improved stability of public and private credit. His Majei;ty has the satisfaction to inform you that the distin guished skill, bravery, anti success, with which the operations of the British Arms in the dominions of the King of Ava have been carried on, have led to the signature, upon highly honourahle terms, Of a preliminary Treaty with that Sovereign, which his .Majesty has every reason to expect will be the foundation of a secure and permanent peace. His Majesty further commands us to repeat to you, that his Majesty's earnest endeavours have continued to be Unremittingly exerted to prevent the breaking nut of hostilities among Nations ; and to put an end to those which stilt unhappily e xist, as well in meria AA in Europe: CP:NTLENII O7 OF TIM HOTISF. OP COMMONS, His Majesty ,eortuntinds us to thank you for the provision whi.h you have made for the service of the year. His Majesty's attention Will he Constantly directed to the re duction of the "public expenditure, in every degree that may k PARLIAMENTARY PAPER S. REPORT FROM THE SELIT cOAkKiI'EEEt. ri IN' SCOTLAND AND IRELAND. The Select. Commit tee appointed to inquire i►itti thn state of the Circulation in Prumisaory Note,. under the valuelif Eire Pounds, in Scotland nod Ireland, and to report their obiervationa and opinion thereupon to the House, with referent-a . to. the expe diency of making any alteration in the laws now in feree re lating thereto, and to whom the several petitions relating to the Currency of Scotland and Ireland were referred ; have, pursuant to the Order of the house, inquired accordingly; and have agreed to the following Report • As it appears to your Committee to be advisable to consider the state of circulation in Scotland, separately from that in 'lreland, they will, in the 'first instance, report the result of the in quiries which they have made with reference to the ease of Scotland. The first notice of banking in Scotland which occurs in the statute book, is an act ►►f King William the Third, pais4 in the year 1605, tinder which the Bank of Scotland was establ►shed. By this Acton exclusive privilege of banking was enuferred upon that bank ; it being provided, "-that for the period of twenty-one years from the I.7th of July, 1695, it should not be lawful for any other persons to set up a distinct Congo* of Rink within the 'kingdom of Scotland,' besides those peountS in whose favour this Act is granteil.' ,No renewal of the exclusive privilege took place after tlie expiration of the twenty,oue'yeam The Dank of Scotland first issued Notes of 20s. in the year 1704; but the amount of Notes in cireulation'previouily to the Union was very limited. The Bank of Scotland continued the 'milk Bank from the data of its establiihment in 1695 to . the year . 4'727. In that year a charter of incorporation WAS granted to certain individuals named therein, for carrying on the l►uainess of bank ing, under the name of the Royal Bank; and eubeequent char ter& were granted to this establishment, enlarging its capital, which now amounts to one million and a half. • An Act, passe4l in the year 1765, is the first and most impor tant Act of ,the Legislature, which regulates the issue of. Promis rory Notes in Scotland. - - - - It appears from its preamble•, that a practice had prevailed in Scotland of issuing notes-which circulated as specie, and which were made payable to the bearer on demand, .or payable at the option of the issuer at the end a six months, with a. rum equal to the legal interest from the demand to that time. • The Act of 1765 prohibits the imue of notes., in which such an option as that before mentioned is swerved to the issuer. , It re quires that all notes of the nature of a Hank-note, and eieculatinr like specie, should be paid on demand; and prohibitor the is me of any promissory note of a sunless than 20s. promissory noteti in England, an With respect to the issue of, Act . nras passed in 1775, prohibitil the issue of any sm:11 note under the aunt of 20s. ; and; in the year 1777, restraints Were imposed by law on the issue of notes between the sum of 20s. and tire pounds, which were equivalent to the prohibition of such notes circulating as specie. the year 1797, when the restriction as to payments in cash was imposed upon the Bank of England, the provisiow, of the Aet of 1777, with regard to the it.Stle of notes between r:?Oa. and 51., were suspended. By an Aet paesed in the third year of his pre sent Majesty, the suspension,wini continued until the stli of Jan., 1833, but now stands limited by an Act of the present Session to the Mb April; 1829. The general result of the. laws regulating the Paper Currency iu the two countries respectively is this • That in Scotland, the iteme of protuissory notes, payable to the M bearer on dema n d, for a sum of not 61 t h & l , :S, IliN b i x±ri at all times permitt e d by t, law ; nor hag any Act b een p 8550,1, limiting the period for whi c h suc h issue shall . continue legal in that country. , In En g l an d, the issue of Proodot`rY notes for a less . tatni than 1)1. was prohibit e d by law, from 1-1 "' Y ear 177 7 to the Period of the Bank Ittatri e ti on i n 1797. 'lt has been permitted hince 1797, anti-the permission will cease, as the law at Present stands, in April,- 11329. - Your Committee will proceedto give R general view, &lore,' s from the examiimtioit of w i tr ,,,, ~,t 4, and from the doeutruint4 called t a r by the Committee, of. the law wh ich ' re g ulate the bil , i no of e ll o tti n i d k icto i i r in tg i. Scotland, a nd o f the mode in which it i : at present general provisions of the law of Scotland bearing Upon this subject are calculated to promote the solidity o f Banking Speaking generally,. the busineia of Scotch Bank consists chicily in the receipt and charge . 4 aunts, deposited with the Bank, on which an interest,is allowed, and in the issue of promie gory notes upon the discount of bilk, and upon advances of money made by the Bank upon what is called a cash credit. The interest allowed by a Bank upon deposits varies from time to time, according to the current rate of interest which money generally bears. At present the interest allowed upon deposits is four per cent. it has been calculated that the aggregate amount of the sums titMitsal with the Scotch Banks amounts; to about ca to teilihe ostr:-";-to.e. ,, avteneme ifitliont)t was made, thought that the innount of depoaita could not be less thin sixteen inilliona, nor exceed twenty-five millions, and took an in termediate aunt as the probable amount. Another witness, who bad been connected for many years with different Banks in fieittland, and has hacl experience of their Con cerns at Stirling, Edinburgh, Perth, Aberdeen, and 61aeg0wc stated, that more than one half of the deposits in the Banks with which lie had been connected, were in sums fram ten pounds to two hundred pounds. Being asked what clans of the community it is that makes the small deposits, he gave the following answer, from which it ap puats that the mode of conducting this Branch of the banking hu. ;limal. in Scotland, has long given to that country many of the be nefits derivable from the establishment of Saving Banks, " Question.—What data of the community is it that makes the smaller deposits T.' " Answer.—They are generally the labouring classes in towns like Glasgow. 14 country places, like Perth and Aberdeen, it is from servants and fishermen, and just that class of the commu nity, who save from their earninga, iu were trifles, small sums, till they come to be 4 Bank deposit. There is now a facility for their placing money in the Provident flunks, Which receive mn ney till the deposit amounts to ten pounds. When it comes to ten pomida it is equal to the minimum of a limik deposit. The system of banking in Scotland is just an extension of the Provi dent Bank system. or'yearly those depouitore come to the Bank cud add the savings of their labour, with the interest chat has accrued upon the deposits from the previous half year. or year, io the principal; and in this way it goes an without being at all reduced, accumulating till the depositor Is either able to buy or build a house, when it comes to he one, or two, or three hundred pounds, or till he is able to commence bushiest; as a nue ' ter in the line in which he has hitherto been a servant. A great part of the depositors of the Bank are of that description, and a great part of the most thriving of our titrmers and manufacturers have arisen front such beginnings." On sums advanced : by . the Banks on the turnout of bills of ex change, and upon cash +credits, an interest of five per cent. is at present charged. A cash credit is an undertaking on the part of the Bank to ad vance to an individual such sums of money as he may from time to time require, not exeeetling in the whole a certain definite amount, the individual to whom the credit is giyen entering into a bond with securities, generally two in number,. lior the repay ment on demand of the sums actually advanced, with interest upon each issue from the day on which it is ►wade. Cash credits are rarely given for autos below one hundred pounds ; they generally range front two to five hundred poends, sometimes reaching one thousand pounds, mad occasionally a' larger sum. The Bank allows the party having -the cash credit to liquidate any portion of his debt to the Bank, at any time that may suit his eonv,iii, nee, and reserves to itself the power of cancelling, when ever it shall think fit, the credit granted. With the view of ascertaining the total amount of the paper currency of Scotland at different periods, nod of estimating the variations in its nutrient, a letter - Was addressed by the Chairman of the Committee to each Bank in Scotl:n►d, requesting informa tion as to the amount of notes issued below and above fiy6 . poutids, - " and outstanding at certain given periods. The Banks were informed that this communication would be eonsidered by the Chairman es one entirely of a confidential na ture; that be would Make no disclosure of the amount of the issues of any single Dank ; but collect from the returns the general result, and present that result to the Committee. Au answer has been received to this communication fron► all the Banks in Scotland, with one exception. Some of the Baa s that have made returns have not been able to distinguish the notes under and above five pounds; where that distinction Lai not bcw► made, the Proportions • have hem estimated, by a co►nputation framed upon the-proportions that appear in the returns of those thinks which were 'enabled to distinguish their not below five pounds from those above that mita, mid the result is stated in red ink. Three of the Banks from•which returns have been received, have omitted to state the amount of their prese►►t circulation : that circulation JIM been taken, ii► the subjoinul general eeti-. mate, on 'an average between the highest ►tnd the lowest amount o f t h e aggregate circulation of elinee Banks respectively dur ing 180. su bj ect t o the foregoing explanation, the following is the , I isl 6 1 ,. -presi ;....t ' Air —, ~... • Si 1: 2 4 21 I ' +I c~ r -~ ~~ 3 .• 61, ANA gib ,•—• +4. .5 114 • • C g E, 2 s r; • t tit ti .^" , f t 7:: IL—The Banks have not all returned their Circulation, distin .gwishing the !Votes under and Move 51. , Where that distinc, tion has nut been made, the proportions have been eatimutd by a computation framed upon those whirlthave been returned by the lianks,who did make the distinction, and the mutt id iqtatod in Red ink.......[Wl!qe the red ink occurs, we have prefixed an asterism 1.1 It will be seen from the above return, that .the present,amount of the paper currency of Scotland, being in fact (with- the excep tion of silver) pearly the whole eurrencyuf,that.country, is cum 'pitied to be three million three Lundred,and nine thousand pountly of which two -million and seventy-nine thousand pounds are in notes below live pounds. • It has been calculated by Dr. Adam Smith, that tlt amount of gold and silver coin current in Scotland before the Video, and then constituting nearly the whole circulation of the country, was -about one million sterling. Ile obseayes, that the -amount of silver coin brought into the Bank of Scotland for thepurposte of being recalled immediately.after the 'Union, was four hundred and eleven thousand pounds sterling ; and that it appears from the ancient records of the Mint in Scotland, that the value of the gold annually coined somewhat exceeded the annual .coinagti of the silver. He calculates, therefore, tho total amount of gold and silver in circulation about the year 1707, ; at ono The name authority, speaking of the year 1775, eatimittes the whole cireuldtion of Scotland at that time to be taint two "of which," he observes, that part which 'consists in gold and Aver most probably dotal not amount W half u mil lion." Your Ontonittee trust that they have not improperly nur,stePrM4 the limita of their duty, in submitting to the House this brio re,. view of the laws by which the business of Banking in Se band regulated, And of the mods in which it is at pment eonducted it is it subject not adverted to in the Reports of previous (".ounnittetts, tad it appeared therefore to your Committee, that it might be con venient to prefix a general account of the Winking Letabliahmenti and Currency of Scotland to their observations on that important question, which wax the more immediate object of the reference made to )our Committee. They consider that question in substance to be, whether Sear land Shall be permitted to retain.the privilege which she hatibitherto had, of nutintaining.a papa circulation for sums between twenty shillings and five pounds; or whether she shall be toothed at some period, to be now asmrtained by law, to providei kthesArtq mariner in which England has been called upon to provide, a tootalhc , currency 1_ Although the promissory notes issued in Scotland ate cot/Yet:ti lde into gold at the will of the holder, yet it appears to Your Oe be proved by experience, that the permission to issue motes Of an amount sufficiently low to perform the office of eMii, trill practically exclude that coin from circulation, notwithstanding i t i l l i t a is t t s ho uch wi n s o u tes mei zia t y h be at, payabl e at the will of the bolder; and it . , plicabla to the two count i r l i n e t s k r i e ‘ s tli pec e tl i v * c r ly 4t , l° E l Vig n la f u n i tl e Zl v l, ' lalf; lira year 1E29, have a metallic circulation for the payment ofali.su below 51. an d Bcotland a circulation of paper alone, fur ou ]ay menta of not leas than.2os. ly, with a ~vhethrr the s h l t i a s bi j s n i t: t t t y i e cc o o f t f o t t i h t ' Scotland can be ensured if coin be neit',.l f metallic currency u atl its : --wheth'er that system can CO.4"Xitt r W il : e "; of this country, are England, without deranging the „. , uu ,t be maturely weighed w th e important considerat.ens jiatcrordy pronounce d . before a lioal dedsi°u cols i>,• principles, appears to your Coin- The I nel " l "Pti"' " ill qrteneion to other - parts of the United mitts* to be in favour,ufe" where the red is) , wurs we have prefixed and uoterivut (" ) , t 42 7,1 -7,, vr